Tag Archives: mortgage rates

For the first time, Fannie Mae now expects home prices to fall next year

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Economists at Fannie Mae project national home prices to decline by 1.5 percent and home sales by 21 percent in 2023 as Fed continues inflation fight. Continue reading →

Homebuyers show signs of pulling back as mortgage rates move again

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Tour requests to Redfin agents fell 7 percent, and mortgage applications declined 13 percent during the week ending Oct. 1. “Mortgage rates well over 6% are spooking homebuyers,” Redfin says. Continue reading →

What’s a ‘tornado housing market?’ Hint: You might be in one right now

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Coldwell Banker Warburg President Frederick Warburg Peters coined the term to describe a phenomenon where one home trades hands briskly while a similar property nearby languishes. Continue reading →

Mortgage applications hit 25-year low as rates, hurricane kill demand

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After hitting 2022 highs last week, a weak hiring report released Tuesday has been helping to bring mortgage rates back down. Continue reading →

Mortgage rates haven’t been this chaotic since Black Monday: Study

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A buyer looking at $500,000 houses in July would have seen their potential monthly payment fall by $177 in August, then rise by $328 since. Continue reading →

Home affordability stabilizes, but remains tough nearly everywhere

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It’s still expensive to buy a home in nearly every part of the country. But for most buyers since the start of July, things didn’t get worse, new data shows. Continue reading →

US housing markets considered ‘overvalued’ quadrupled in 2022

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Median home sale prices exceed the house-buying power of would-be buyers in 19 of 50 markets, according to data released Tuesday by First American Financial Corp. Continue reading →

Deals will hinge on negotiations this fall. Here’s how buyers’ agents win

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“There was no negotiation over the last couple of years,” Max Stokes of Compass says. But that’s beginning to change — gradually. With a few tips, buyers can prevail at the negotiating table. Continue reading →